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Preferred Rewards for Business Program Details

Logo for Bank of America Preferred Rewards For Business

Preferred Rewards
for Business
program details

Preferred Rewards for Business program details

There are 3 tiers in the Preferred Rewards for Business program. Your tier is based on your 3-month average combined balances in your qualifying Bank of America® business deposit and/or your Merrill Edge® or Merrill Lynch® business investment accounts.

When you are enrolled, you’ll be moved up automatically when your balances qualify you for the next rewards tier. And no need to worry if your balances dip now and then: once you reach a rewards tier, you'll keep your program benefits until the next anniversary of your Preferred Rewards for Business enrollment.
There are 3 tiers in the Preferred Rewards for Business program. Your tier is based on your 3-month average combined balances in your qualifying Bank of America® business deposit and/or your Merrill Edge® or Merrill Lynch® business investment accounts.

When you are enrolled, you’ll be moved up automatically when your balances qualify you for the next rewards tier. And no need to worry if your balances dip now and then: once you reach a rewards tier, you'll keep your program benefits until the next anniversary of your Preferred Rewards for Business enrollment.
See if you qualify Calculate Rewards FAQs Rewards overview
Gold
Platinum
Platinum Honors Platinum Honors Platinum Honors
3-month average combined balance
Gold $20K to < $50K
Platinum $50K to < $100K
Platinum Honors $100K+
No fees on select banking services
Gold Waived monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts. Plus no fees on select everyday banking services including inbound domestic wires, stop payments, ATM/debit card replacement, cashier’s checks, check images, check copies and more.
Platinum Waived monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts. Plus no fees on select everyday banking services including inbound domestic wires, stop payments, ATM/debit card replacement, cashier’s checks, check images, check copies and more. Platinum clients also enjoy no fees on inbound international wires.
Platinum Honors Waived monthly maintenance fees on up to 4 eligible business checking and 4 business savings accounts. Plus no fees on select everyday banking services including inbound domestic and international wires, stop payments, ATM/debit card replacement, cashier’s checks, check images, check copies and more. Platinum Honors clients also enjoy no fees on up to 4 outbound online wire transfers per month.
Rewards Bonus on eligible business credit cards
Gold 25%
Platinum 50%
Platinum Honors 75%
Cash Rewards on Bank of America Merchant Services processing
Gold 0.05%
Platinum 0.10%
Platinum Honors 0.15%
Interest Rate Booster on Business Advantage Savings accounts
Gold 5%
Platinum 10%
Platinum Honors 20%
Interest Rate Discounts on Business Advantage Credit Line, Term Loan and Secured Lending
Gold 0.25%
Platinum 0.50%
Platinum Honors 0.75%
Interest Rate Discounts on Business Advantage Auto Loans
Gold 0.25%
Platinum 0.35%
Platinum Honors 0.50%
Interest Rate Discounts on Commercial Real Estate Loans
Gold 0.25%
Platinum 0.35%
Platinum Honors 0.50%
Full Service Payroll Refund on the cost of the monthly fee
Gold $10
Platinum $15
Platinum Honors $20
Interest Rate Discounts for Practice Solutions clients
Gold 0.25%
Platinum 0.30%
Platinum Honors 0.35%
Non-Bank of America ATM Transactions
Gold N/A
Platinum No-fee ATM transactions:
Up to 12/year
Platinum Honors No-fee ATM transactions:
Unlimited
Priority Client Service through 888.BUSINESS (888.287.4637) and work with a Merrill Financial Solutions Advisor
Gold Yes
Complimentary financial review
Platinum Yes
Complimentary financial review
Platinum Honors Yes
Complimentary financial review
Annual relationship review with a Small Business Specialist
Merrill Edge®
Self-Directed —
$0 online stock and ETF trades
Gold Up to 10/month
Other fees may apply.
Platinum Up to 30/month
Other fees may apply.
Platinum Honors Up to 100/month
Other fees may apply.

Enroll in Preferred Rewards for Business

Take advantage of a wide range of benefits that grow as your business and your balances grow.

  • No fees on select services (including cashier’s checks, overdraft protection transfers from deposit accounts, stop payments and more)
  • Rewards Bonus on eligible business credit cards
  • Cash Rewards for Merchant Services processing
  • Interest rate booster on a Business Advantage Savings account

Sign in to Online Banking to see if you qualify

Sign in

Enroll in Preferred Rewards for Business

Take advantage of a wide range of benefits that grow as your business and your balances grow.

  • No fees on select services (including cashier’s checks, overdraft protection transfers from deposit accounts, stop payments and more)
  • Rewards Bonus on eligible business credit cards
  • Cash Rewards for Merchant Services processing
  • Interest rate booster on a Business Advantage Savings account

Sign in to Online Banking to see if you qualify »

Speak with a Small Business Specialist to get started today

Schedule an appointment now or call 888.BUSINESS (888.287.4637)

Not an Online Banking Customer?

Enroll in Online Banking »

Don’t have a business checking account?

Learn more about business checking »

. Sell trades are subject to a transaction fee of between $0.01 and $0.03 per $1,000 of principle. There are costs associated with owning ETFs. To learn more about Merrill Edge pricing, visit merrilledge.com/pricing.

Card eligibility guidelines

Most Bank of America® branded business credit cards (such as the Business Advantage Cash Rewards, Business Advantage Travel Rewards and WorldPoints Rewards for Business credit cards) are eligible to receive the program bonus as long as the card account is open and in good standing. The following list shows the Bank of America branded business credit cards ineligible for the Preferred Rewards for Business bonus.

Cards not eligible for the Rewards Bonus:
  • Non-rewards credit cards (Bank of America Platinum and Platinum Plus for Business cards)
  • Personal or consumer-purpose credit cards
  • Business Advantage Cash Rewards 123 with 50% bonus
  • Business Advantage Travel Rewards with 50% bonus
  • Merrill branded Merrill Rewards for Business Card
  • Alaska Airlines®
  • Asiana Airlines®
  • Spirit Airlines®

Business Banking, Global Commercial Banking, Global Corporate Investment Banking or Institutional clients are not eligible to participate in the program. This list is subject to change without prior notice.